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Indraprastha Gas Limited

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IGL trade ideas

Why I selected IGL for Swing Trade on 4H time frame.IGL looks bullish on 4h chart. Technical Analysis: Candlestick Chart: - Breakout of Triangular pattern. - Breakout of Resistance at 436. - EMA 20,50,100,200 + Moving average lines expanded. + All moving average lines are arranged according to their position. Renko Chart (Brick Size = 5) - 4 Bricks are printed + First 3 bricks formed the base zone. + From the 4th brick it has entered in zone 1. Conclusion: We can take a long position from 430 to 440 with a stop loss of 415. Disclaimer: I entered at 435 on a Renko Chart with Brick Size of 5 and I keep the stoploss at 430.
NSE:IGLLong
by ssvirdi
5
Stocks for swing tradeStocks for swing trade. 1. IGL - looking good for buy Logic for buy - Weekly candle sustain over EMA's 11,20 & 100. Positive green candle creation is going on weekly time frame. Buy at @CMP for 1st safe target is 460 and then 490. 2. AUROPHARMA Logic for buy - On weekly time frame strong week candle is going on. On proper supply zone up-to 524. Buy at @CMP for 1st safe target 524. 3. Lupin If we see powerful breakout over current supply zone than after price sustain over supply zone we can buy this stock for target 918. Otherwise if we see price rejection over supply zone we can find opportunity to sell it up-to recent demand zone. 4. AARTIIND Logic for buy -Looking good for buy at @CMP . Weekly candle is looking good if we see good weekly closing candle we can go for buy. 1st safe target 590 / 2nd target 650. 5. MANAPPURAM Logic for Sell - Price start show rejection on weekly supply zone. If price closed below 100 EMA on daily time frame we can find sell opportunity up-to 105 or 96.
NSE:IGLLong
by anuragtrivedi0302
Two Fundamentals Ideas: EIL and IGL EIL : Engineers India Ltd (# NSE:ENGINERSIN ): CMP: 83.25 DVM (Durability - Valuation - Momentum) score: 60-43-68. Consensus Price target for 1 year: 100 (19% upside). Reasons: 1. Engineers India Ltd.'s Revenue was higher than average estimate 2 times in past 3 years 2. EPS is expected to grow by 4.2% in FY23 3. The consensus recommendation from 5 analysts for Engineers India Ltd. is STRONG BUY IGL : Indraprasthe Gas ( NSE:IGL ): CMP: 416 DVM (Durability - Valuation - Momentum) score: 60-40-57. Consensus Price target for 1 year: 500 (20% upside). Reasons: 1. EPS is expected to grow by 12.2% in FY23 2. The consensus recommendation from 30 analysts for Indraprastha Gas Ltd. is BUY 3. Only concern: Indraprastha Gas Ltd.'s Revenue was lower than average estimate 2 times in past 3 years
NSE:IGLLong
by pradipandsuvra
IGL: On the verge of breaking outIGL - Since Nov 28, the stock has seen some consolidation at current levels - 21 day EMA and 63 day EMA are at 430 and 415 respectively - Once above the red resistance zone, the stock can potentially move towards 480 / 502 levels Depending on your risk appetite and time horizon, you can use the 21 day EMA or 63 day EMA as SL Take care & safe trading...!!! Like and share if you find the analysis helpful Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:IGLLong
by indiamarketoutlook
IGL near a break out of inverted head and shoulder pattern.IGL is looking good for a break out trade as it has been forming an inverted head and shoulder pattern and consolidating near the break out levels. On the daily time frame, the stock has given a lower wick rejection after testing 20 DMA. The stock on the weekly time frame has given a bullish moving averages cross over and good targets can be booked in the stock after the break out of the pattern. 3 point confirmation. 1. Consolidation near break out level. 2. Bullish moving averages crossover on weekly time frame. 3. Retest of 20 DMA level. The markets are in a bull run and the stock can follow the trend once it starts trading above 446 levels. Targets :- 471, 510 Stop loss :- 438 Wait for the price action near the levels before entering the trade. Intraday and swing trades can be initiated in the stock once the level 446 is crossed convincingly.
NSE:IGL
by TheMamboMomentum
IGL: Inverse H&SInverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy on cmp add on dips , keeping SL of 410 look for the measured target of 500-505 region
NSE:IGLLong
by TradingSutra
2